AMI Asset Management Corp Sells 559 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

AMI Asset Management Corp trimmed its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,815 shares of the industrial products company’s stock after selling 559 shares during the quarter. AMI Asset Management Corp’s holdings in Casella Waste Systems were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CWST. Dimensional Fund Advisors LP grew its holdings in shares of Casella Waste Systems by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock worth $85,476,000 after purchasing an additional 26,189 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Casella Waste Systems in the 2nd quarter worth $426,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Casella Waste Systems by 12.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 311 shares during the period. XTX Topco Ltd bought a new position in shares of Casella Waste Systems during the second quarter valued at about $366,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Casella Waste Systems by 1.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock worth $1,035,000 after purchasing an additional 183 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWST has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus upped their target price on Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, William Blair initiated coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

Insider Transactions at Casella Waste Systems

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the transaction, the senior vice president now directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.24% of the company’s stock.

Casella Waste Systems Stock Down 0.3 %

CWST stock opened at $111.49 on Tuesday. Casella Waste Systems, Inc. has a fifty-two week low of $83.50 and a fifty-two week high of $114.88. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 929.08, a price-to-earnings-growth ratio of 3.98 and a beta of 1.03. The business’s 50 day moving average price is $108.72 and its two-hundred day moving average price is $105.16. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $411.63 million for the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.